Stay on full cover or put on veteran policy- Insurance

Alchemy

Alchemy

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Help please...

Horse insurance due for renewel next month currently with NFU which will continue on a full policy for £640 a year!!!
This is for a 18 year old who just hacks and schools. Touch wood has been healthy and sound during the 9 years i have had him ( apart from discoverying screw in cannon bone recently, which hasnt yet caused him too much bother) ignorance was bliss :-)
Now dilema is i can put him on a veteran policy for £255 a year which as most of you know covers very little.
Horse is only insured for £500 as i thought it would keep the price down a bit plus of his age and the fact i willl never part with him his monetry value to me is unimportant as i wont be getting another horse should anything terrible happen. I dont think i would put him through colic surgery either


I am in a real dilema with this? what would you do?

Thanks for reading :-)
 
I have insurance with NFU and the cost did go up quite dramatically at age 18 and has continued rising ever since. I am currently paying more than £640, but we have a few problems over the last few years so I am glad that I kept the insurance. Petplan also do insurance for the older horse with full vet fees up to the age of 26 as long as you insure them before their 20th birthday. For me PetPlan was cheaper and I intended swapping but we seem to have a problem just before renewal and therefore I haven't been able to do it. Unfortunately my next renewal date will be after her 20th birthday so I won't be able to take advantage of this. Get a quote from PetPlan and see how much that works out.
 
I am with the NFU with veteran insurance, the only thing that worries me is that it only covers external injuries i.e. if he was kicked in the field, etc

It wouldn't cover a tooth abscess or anything internal.

Mind you they are amazing to deal with and paid out when mine hurt himself out riding.
 
I would be tempted to cancel insurance take out bhs gold to get public liability and put some away each month - £640 seems excessive but if the lower premium still doesn't cover everything then its prob not worth having. If you are unlikely to opt for surgery in most cases then hopefully any issue wouldn't run up too large a bill !!

I have a retired 20 year old mare who I don't have insured any more - she has had issues in the past so a lot was excluded - I wouldn't put her through a big op so just make sure I keep credit card for emergencies - she was a bit lame recently (bit more than normal as never sound) so I gave her danilon got farrier to check for abscesses (none) and she has now gone back to normal.
 
meesha said:
I would be tempted to cancel insurance take out bhs gold to get public liability and put some away each month - £640 seems excessive but if the lower premium still doesn't cover everything then its prob not worth having. If you are unlikely to opt for surgery in most cases then hopefully any issue wouldn't run up too large a bill !!
Click to expand...

This is what I did for mine. In my case, there was no point paying for humane destruction as my dad is a vet, carcass removal as he has contacts already, would never have put mine through surgery so there would have been no benefit from insurance apart from third party.
 
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